The strong USD/CHF technical resistance which we spoke about yesterday is looking even more convincing today, USD/JPY encountered some very heavy selling around 84.00 as Jamie mentioned earlier, and even the EUR and the AUD managed to eke out some minor gains against the USD. The greenback is having difficulty maintaining any bullish momentum so we might have to prepare ourselves for an extended period of range trading in the major pairs. If you make 150 pips, book it and go looking again.
Good luck today.
